Only 21 million Bitcoin will ever exist.
One of the most attractive attributes that many cryptocurrencies have is a fixed known total supply. This makes them highly unique compared to other mainstream assets that typically have increasing maximum supplies.
Take fiat money for instance – literally millions of that stuff is simply being printed or digitally created out of thin air every single day. However, to all intents and purposes, even gold has an increasing known total supply since not every single vein of that precious shiny metal in existence has been discovered yet.
So what does a fixed known…
This versatile acronym can be found littered across the internet. In the cryptocurrency sphere, it’s often used as a crude way of telling “lazy” investors to find the information that they want spoon-fed to them for themselves. Alternatively, it may be used by online media creators in conjunction with the phrase “this is not investment advice” to shrug off responsibility should investors make a loss by following what those media creators have suggested and promoted in their posts, articles, videos, or the like.
DYOR stands for Do Your Own Research.
Doing your own research is important. By doing…
The season of giving is here again!
If you still haven’t decided what gifts to purchase for your gift-worthy relations this season, think no further! What better way of showing your loved ones how much you love them by sharing something that you love with them?
Gift them your favourite cryptocurrency coin or token this Christmas!
Exchanges are where all the action happens!
While it is in essence technically possible to trade cryptocurrency coins and tokens without exchanges, for the vast majority of traders and investors, it is simply not practical to completely avoid using them.
Legit exchanges provide a relatively safe, hassle-free, and high-liquidity environment for trading — allowing investors from all over the world to buy and sell cryptocurrencies without first needing to trust or even know each other.
Exchanges are formed in essence by trading pairs. A trading pair is usually represented in the following manner: A/B.
A and B are…
“I wouldn’t have invested in (insert cryptocurrency here) if I had known that it would crash!”
It’s always easy to make critical judgements about your decisions in hindsight.
If day traders could see the future and know for a fact that the price of a cryptocurrency would continue to trend down, they wouldn’t buy in at that moment.
If long-term investors could see the future and know that in a few years, regardless of small fluctuations, their cryptocurrency investments would ultimately yield decent profits, they’d waste no time in buying in before the charts fly up.
The two italicised statements…
A fundamental advantage of using cryptocurrencies is the ability to send and receive value across the world in a verified manner without the need for a third party.
There are many different distributed ledger technologies (DLTs) in existence. Depending on the DLT involved and the interface used to shift funds, there may be slight differences in the way that various cryptocurrencies are sent and received.
Daunting as this may first seem, the basic concepts involved are largely applicable across the board. …
Cryptocurrency coins and tokens can be split into two broad categories management-wise; they either have an organization officially behind them or they do not.
As it currently stands, there are far more cryptocurrencies and, where applicable, their corresponding Distributed Ledger Technologies (DLTs) that are officially backed and supported by an organization.
Listed below are some of the advantages and disadvantages of having official management.
A vast majority of cryptocurrency coins and tokens currently revolve around projects that do not have a fully working product yet. …
So you’ve made the bold decision to start managing your own cryptocurrency coins and tokens, and you’re not interested in relying on an interest-grabbing middleman or an exchange to hold your assets for you.
You want full control over exactly when and where you utilise your own funds.
That’s great! After all, control over one’s own assets is a fundamental reason for the invention and subsequent popularity of cryptocurrencies in the first place!
But how do you do that?
In order to manage your own cryptocurrencies in a safe and effective manner, you’ll first need to have a firm grasp…
“Bitcoin will hit One Million USD by 2020.”
Price predictions are fun, and many enthusiasts in the cryptocurrency sphere love to make their own predictions about the future prices of various tokens and coins. In a broader sense, predictions may also be made about the general state of the entire cryptocurrency market with regard to any future trends. Sometimes a time frame is even included to increase the specificity of predictions. Often, price predictors like to inject a little bit of mathematics and trend logic into their predictions in order to justify them.
Apart from being fun, why are price…
Imagine, if you will, a small village that has chosen to isolate itself completely from the rest of civilisation.
This village is driven by a self-sustaining economy wherein villagers provide goods and services to each other at a monetary cost. Goods and services are not bartered.
Given the eccentric nature of this imaginary village, the villagers had unanimously decided at this village’s formation that instead of using something physical to represent their money, they would instead keep a single ledger of records detailing exactly how much money each villager has at any point in time.
There is only one village-wide…